Captrust Financial Advisors Has $550,000 Holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Captrust Financial Advisors lifted its position in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 82.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,897 shares of the insurance provider’s stock after acquiring an additional 2,661 shares during the period. Captrust Financial Advisors’ holdings in Selective Insurance Group were worth $550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quest Partners LLC grew its stake in shares of Selective Insurance Group by 2,486.8% in the third quarter. Quest Partners LLC now owns 7,631 shares of the insurance provider’s stock valued at $712,000 after buying an additional 7,336 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Selective Insurance Group by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,416,957 shares of the insurance provider’s stock worth $132,949,000 after purchasing an additional 62,699 shares during the period. Mutual of America Capital Management LLC boosted its position in Selective Insurance Group by 9.0% during the third quarter. Mutual of America Capital Management LLC now owns 170,281 shares of the insurance provider’s stock worth $15,887,000 after purchasing an additional 14,004 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Selective Insurance Group by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 867,691 shares of the insurance provider’s stock worth $80,956,000 after purchasing an additional 21,374 shares during the period. Finally, New York State Common Retirement Fund boosted its position in Selective Insurance Group by 10.2% during the third quarter. New York State Common Retirement Fund now owns 179,741 shares of the insurance provider’s stock worth $16,770,000 after purchasing an additional 16,689 shares during the period. 82.88% of the stock is owned by institutional investors.

Selective Insurance Group Trading Down 0.1 %

Shares of Selective Insurance Group stock opened at $96.14 on Thursday. The firm has a 50-day moving average of $96.37 and a 200-day moving average of $93.01. The stock has a market cap of $5.84 billion, a PE ratio of 25.91 and a beta of 0.60. Selective Insurance Group, Inc. has a 52-week low of $81.00 and a 52-week high of $109.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.35 and a current ratio of 0.35.

Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings results on Monday, October 21st. The insurance provider reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.29). The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.17 billion. Selective Insurance Group had a net margin of 5.01% and a return on equity of 8.11%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $1.51 EPS. As a group, sell-side analysts forecast that Selective Insurance Group, Inc. will post 3.62 EPS for the current year.

Selective Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Friday, November 15th. This is an increase from Selective Insurance Group’s previous quarterly dividend of $0.35. Selective Insurance Group’s payout ratio is 40.97%.

Analyst Upgrades and Downgrades

SIGI has been the subject of a number of research analyst reports. Bank of America lifted their price objective on shares of Selective Insurance Group from $96.00 to $102.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. BMO Capital Markets raised shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $95.00 to $105.00 in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on shares of Selective Insurance Group from $96.00 to $99.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley began coverage on shares of Selective Insurance Group in a research report on Thursday, December 5th. They set an “equal weight” rating and a $105.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $102.14.

Insider Activity at Selective Insurance Group

In other Selective Insurance Group news, CAO Anthony D. Harnett sold 1,404 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $92.61, for a total transaction of $130,024.44. Following the completion of the transaction, the chief accounting officer now owns 15,946 shares of the company’s stock, valued at approximately $1,476,759.06. The trade was a 8.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

About Selective Insurance Group

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.